Indian Healthcare Packaging Market Will Generate Record Revenue by 2028
The Indian healthcare packaging market is anticipated to showcase a CAGR of 8.9% during the forecast period. The generic drug market in India is significantly driving the growth of the healthcare packaging industry in the country. Indian generic medicines occupy a total of 20% share in global supply by volume in the drug market. Moreover, the change in regulations is also fostering the growth of the healthcare packaging market in the country. For instance, the Government of India has allowed 100% FDI in brownfield pharma, which will attract more healthcare packaging companies to the country. In addition to this, the low manufacturing cost is also driving a significant number of pharma and medical companies towards the Indian market thereby driving the healthcare packaging market.
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The Indian healthcare packaging market is segmented based on end-use vertical and material types. Based on the end-use vertical, the market is bifurcated into pharmaceutical packaging and medical device packaging. Pharmaceutical packaging is further divided into primary packaging such as bottles and blisters; and secondary packaging such as containers. Moreover, medical device packaging includes the analysis of bags & pouches, trays, boxes, and others. Based on the material type, the market is sub-segmented into the polymer, paper & paperboard, and Others. The plastic & polymer segment is estimated to contribute a prominent share to the market.
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· Market Coverage
· Market number available for – 2022-2028
· Base year- 2021
· Forecast period- 2022-2028
· Segment Covered- By Source, By Product Type, By Applications
· Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
· Inc., and others
Market Segmentation
India Healthcare Packaging Market by End-Use Vertical
o Pharmaceutical
o Primary Packaging (Bottles, Blister Packaging, and Others)
o Secondary Packaging (Closures, Containers, and Others)
o Medical Devices
o Bags & Pouches
o Trays
o Boxes
o Others
India Healthcare Packaging Market by Material Type
o Plastics & Polymer
o Paper & Paperboard
o Others (Glass and Metals)
Company Profiles
o Amcor Plc
o Overveiw
o Amcor Plc in Healthcare Packaging Landscape
o Recent Developments
o Airnov Healthcare Packaging
o EsselPropack Ltd.
o Packman Packaging Private Ltd.
o Parekhplast India Ltd.
o RUPS
o Schott Kaisha Pvt.Ltd.
o SGD S.A.
o Steril Medipac
o Uflex Ltd.
The Report Covers
- Comprehensive research methodology of the Indian healthcare packaging market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Indian healthcare packaging market.
- Insights about market determinants which are stimulating the Indian healthcare packaging market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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